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Chicago Bears will give $18.5 million guaranteed to QB Mike Glennon

The Chicago Bears are expected to sign QB Mike Glennon to a three-year deal worth $45 million, with $19 million guaranteed.

The Chicago Bears have to wait until 3 p.m. CT today to make it official but it appears Mike Glennon will be the club's new starting quarterback in 2017.

Glennon will reportedly sign a three-year deal worth $45 million.

The deal will be worth roughly $15 million per season, with $16 million due in 2016, which is substantial for a QB who hasn't started a game since 2014, yet the guaranteed money tells a different story.

Beyond 2017, Glennon is guaranteed roughly $2.5 million, which is a drop in the bucket. If the numbers are correct, this is essentially a one-year deal, with the opportunity for Glennon to earn more by playing well.

If he stinks up Soldier Field, the Bears can waive him in 2018 and turn to their young quarterback, whom they will soon select in this year's draft.

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